10 Things You Need To Know This Morning

Asian markets were higher in overnight trading, with the Nikkei up 1.4%. European stocks are now in decline following rumors of possible EU downgrades, and U.S. futures point to a negative open.

J.P. Morgan missed estimates today on revenue of $22.2 billion, below $23 billion estimates. Revenue at its investment bank were stunted as top line results in debt capital markets and equity markets cooled 40% and 26%, respectively. Earnings per share were in line with expectations at $0.90, however that number had been revised lower over the past four weeks.

U.K. producer prices fell 0.2% in December, surprising economists who forecast a 0.1% gain. This was the first drop in 18 months, the Office for National Statistics said. The decline was attributed mostly to lower petroleum costs.